FYI: Audited Summary Financial Statements - 1. An auditor should obtain a separate engagement letter 2. The auditor must have been engaged to audit the financial statements as a whole in order to accept an engagement to report on summary financial statements.

Only an Unmodified or Adverse Opinion is Permitted—The summary financial statements are either consistent or not consistent with the audited financial statements; accordingly, a qualified opinion is not permitted. When the auditor's report on the audited financial statements contains an adverse opinion or a disclaimer of opinion, the auditor should either withdraw from the engagement to report on the summary financial statements (when withdrawal is possible) or disclaim an opinion on the summary financial statements.